Introducing IFRS 15

Abstract

IFRS 15: Revenue from Contracts with Customers is positioned to change how companies recognize revenue, which could potentially unhinge the reporting mechanisms of critical disclosures, including allocations, grouping contracts, variable prices, distinction of obligations, progress, payment, returns, warranties and more.

All this by January 1, 2018. With such profound, cross-industry and cross-department changes coming down the compliance pipeline, how will reporting companies be able to comply quickly?

In this eBook, you’ll learn:

- How exactly IFRS 15 differs from its predecessor IAS 18- The new five step model- Who exactly must comply- How companies will be impacted- Steps you can take to prepare in order to comply, painlessly